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industronics bhd (INDU) Details

Industronics Berhad, together with its subsidiaries, designs, manufactures, and installs various electronic products. The company’s Electronics and System Integration segment is engaged in the design, manufacture, and installation of electronic and microprocessor controlled products; and trade, maintenance, and supply of industrial electronic equipment, as well as intelligent transportation system and major system integration projects, including information communication technology; and supplies and services telecommunication equipment and audio visual multimedia systems. Its Security Systems, and Mechanical Electrical and Engineering segment is involved in the supply and installation of security systems; trade of transport equipment and provision of related services; and manufacture, import, and marketing of filters. This segment also specializes in fire protection system design and installation works, and mechanical engineering services; and industrial maintenance and service works. The company’s Environment and Scada System segment is engaged in the design and Scada integration in environmental monitoring services. Its Sheet Metal Fabrication segment is involved in the precision sheet metal fabrication works and the manufacture of precision fabrication. The company’s Other Operations segment assembles and maintains electronic display systems of public security and fire systems. The company also offers consultation project management and system integration services in industrial automation; contract manufacturing services for electronic devices; and services in the areas of commercial advertising. In addition, it is engaged in the information technology (IT) and system development activities; and development of IT applications. It operates in Malaysia, Singapore, Hong Kong, and Vietnam. The company was founded in 1975 and is headquartered in Seri Kembangan, Malaysia.

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Industronics Bhd Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Write Off of Property, Plant and Equipment and Intangible Assets for the Fourth Quarter of 2014

Feb 27 15

Industronics Bhd announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of MYR 2,265,580 compared to MYR 10,054,681 a year ago. Loss before tax was MYR 7,825,160 compared to MYR 1,622,591 a year ago. Loss for the period was MYR 8,700,732 compared to MYR 663,499 a year ago. Loss attributable to owners of the company was MYR 7,517,298 or 7.33 sen per basic share against profit of MYR 714,833 or 0.75 sen per basic share a year ago. Capital expenditure was MYR 539,000 against MYR 421,000 a year ago. The group's revenue was lower, mainly attributable to lower revenue recognition in Electronics & System Integration segment.
For the year, the company reported revenue of MYR 16,208,034 compared to MYR 42,801,145 a year ago. Loss before tax was MYR 18,568,550 compared to MYR 6,407,680 a year ago. Loss for the period was MYR 19,444,122 compared to MYR 5,463,645 a year ago. Net cash used in operating activities was MYR 26,965,929 against MYR 9,394,742 a year ago. Purchase of property, plant and equipment was MYR 188,232 against MYR 1,414,595 a year ago. Loss attributable to owners of the company was MYR 17,797,732 or 17.35 sen per basic share against MYR 4,343,609 or 4.56 sen per basic share a year ago. Capital expenditure was MYR 689,000 against MYR 3,376,000 a year ago.
For the quarter, the company announced write off of property, plant and equipment of MYR 223,416 against MYR 39,286 a year ago. Write off of intangible assets was MYR 1,347,108.

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